In this part, I discuss the most popular crypto mining business models – that is, ways to make money mining. Crypto Mining Business Model #1: Legal, Competitive MiningIn the early days of crypto, mining was a boon for small-time entrepreneurs – but soon the mining business became increasingly competitive, as miners purchased massively powerful computers while scaling up their operations to remain profitable. Crypto Mining Business Model #2: Subsidized Electricity MiningIn Washington State, hydroelectric power generates far more juice than locals can consume, thus attracting a booming business in crypto mining. “U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors,” writes Yogita Khatri for Coindesk. Crypto Mining Business Model #4: CryptojackingIllicit cryptomining, colloquially known as cryptojacking, has surpassed ransomware as the most popular form of cybercrime targeting enterprises.

Source: Forbes January 20, 2019 19:18 UTC